secwatch.observer — SEC 8-K summary
======================================

Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001489096-24-000196
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q2 revenue down 7.4% to $114.6M; lowers FY2025 guidance
---------------------------------------------------------------

- Net income $9.5M ($0.28 dil EPS) vs $14.7M ($0.43) YoY; adjusted EPS $0.38.
- New orders $131.1M (+12.6%); backlog record $214.9M (+28.8% YoY).
- FY2025 revenue guidance cut to $495-510M (prior $527-553M).
- Adjusted EBITDA guidance revised to $105-110M from $112-120M.
- Large project revenue fell 51% YoY; OPEX sales grew 10% to $97.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000196/0001489096-24-000196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000196/thr-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001489096-24-000196

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer